# Fredonia Mining Announces Positive PEA for EDM Highlighting 146,000 oz AuEq Annual Production, US$1.49 Billion NPV10 and 65% IRR Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af Original source: https://www.globenewswire.com/news-release/2026/08/31/3353448/0/en/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annual-production-us-1-49-billion-npv10-and-65-irr.html Publisher: globenewswire Original announcement: 2026-08-31T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Fredonia Mining Inc. - Ticker: FRED - Exchange: Unavailable - Region: Santa Cruz Province, Argentina - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Production - Extracted: 2026-09-12 01:27:04 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Fredonia Mining Inc. announced a positive Preliminary Economic Assessment \(PEA\) for its El Dorado Monserrat \(EDM\) gold-silver project, projecting a post-tax NPV10 of US$1.49 billion and an IRR of 65%. The PEA is supported by an updated NI 43-101 compliant Mineral Resource Estimate, which includes 2.76 Moz AuEq in the Measured and Indicated categories and an additional 1.09 Moz AuEq Inferred. The project contemplates an open-pit, heap-leach operation with an average annual production of 146,000 oz AuEq over a 17+ year mine life, though the PEA relies materially on Inferred resources and no Mineral Reserves have been declared. Reasoning: The document announces a highly positive Preliminary Economic Assessment for the EDM project, highlighting robust economics with a US$1.49 billion NPV10 and 65% IRR, supported by an updated NI 43-101 compliant Mineral Resource Estimate of 2.76 Moz AuEq Measured and Indicated, and 1.09 Moz AuEq Inferred. - Positive factor: Strong PEA economics \(NPV, IRR\) - Positive factor: Large AuEq resource - Positive factor: NI 43-101 compliant MRE - Positive factor: Long mine life - Positive factor: Low cash cost - Positive factor: Potential RIGI upside - Negative factor: PEA relies materially on Inferred resources - Negative factor: No Mineral Reserves declared - Negative factor: Preliminary metallurgical assumptions - Negative factor: Additional testwork required Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 40 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an updated Mineral Resource Estimate for the EDM project. Evidence · text > updated Mineral Resource Estimate \(“MRE”\) **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The resource estimate is presented as part of a Preliminary Economic Assessment. Evidence · text > completion and results of a Preliminary Economic Assessment \(“PEA”\) and updated Mineral Resource Estimate \(“MRE”\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Mineral Resource Estimate was prepared in accordance with NI 43-101. Evidence · text > prepared in accordance with the CIM Definition Standards incorporated by reference into National Instrument 43-101 – Standards of Disclosure for Mineral Projects \(“NI 43-101”\) **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The PEA and MRE were prepared under the supervision of Qualified Persons as defined by NI 43-101. Evidence · text > The PEA was prepared under the supervision of Sergio Alvarado Casas, Geologist; Ricardo Munoz Gonzalez, Mining Engineer; and Carlos Puga Gomez, Civil Mining Engineer, and was consolidated by Servicios Profesionales de Geología y Minería Geoinvest Limitada... Each author is a Qualified Person, as defined by NI 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The Mineral Resource estimate is reported at a base-case cut-off grade of 0.10 g/t Au. Evidence · text > The updated Mineral Resource estimate is reported at a base-case cut-off grade of 0.10 g/t Au. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource \(1.09 Moz AuEq\) is in the Inferred category. Evidence · text > 1.09 Moz AuEq Inferred **No Mineral Reserves** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: No Mineral Reserves have been declared for the EDM Project. Evidence · text > No Mineral Reserves have been declared for the EDM Project. **Preliminary Economics** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically. Evidence · text > The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically **Heap Leach Route** Polarity: neutral Story-specific tag Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: The PEA assumes processing by heap leaching. Evidence · text > processing assumed by heap leaching ## Extracted facts Stored fact records: 40. Some facts used in scoring do not have a stored record. ## Resource Estimates (40) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-0) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:8436bce243a0485b54e6 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 126454000 - Grade: 0.47 - Grade Unit: g/t - Contained Metal: 2758.6 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.68 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 2.76 Moz AuEq represents a significant and high-confidence resource base for the project. - Positive factor: Large Measured and Indicated resource - Positive factor: High AuEq grade - Positive factor: NI 43-101 compliant Evidence · table > 0.47 Context: 126.454 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-1) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:8436bce243a0485b54e6 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 126454000 - Grade: 12.66 - Grade Unit: g/t - Contained Metal: 51.46 - Contained Unit: moz - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.68 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 51.46 Moz Ag represents a significant and high-confidence resource base for the project. - Positive factor: Large Measured and Indicated resource - Positive factor: High silver grade - Positive factor: NI 43-101 compliant Evidence · table > 12.66 Context: 126.454 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-2) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:d55f4afe760253f69b8c - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 73891000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1087.8 - Contained Unit: koz - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 1.09 Moz AuEq adds significant potential but is considered speculative geologically. - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 0.31 Context: 73.891 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-3) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:d55f4afe760253f69b8c - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 73891000 - Grade: 8.98 - Grade Unit: g/t - Contained Metal: 21.345 - Contained Unit: moz - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 21.35 Moz Ag adds significant potential but is considered speculative geologically. - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 8.98 Context: 73.891 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-4) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:3427490c35b23a06e08f - Deposit or zone: Main Veins and La Herradura \(PEA process-plant feed\) - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 79670000 - Grade: 0.797 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.797 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Measured and Indicated resource forms the high-grade AuEq feed for the PEA's process plant, underpinning the project's economics. - Positive factor: High-grade resource for process-plant feed - Positive factor: Supports positive PEA economics - Negative factor: Subset of overall resource Evidence · text > equivalent to 0.797 g/t AuEq Context: 79.67 Mt of combined Measured and Indicated Mineral Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-5) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:3427490c35b23a06e08f - Deposit or zone: Main Veins and La Herradura \(PEA process-plant feed\) - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 79670000 - Grade: 16.1 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Measured and Indicated resource forms the high-grade silver feed for the PEA's process plant, underpinning the project's economics. - Positive factor: High-grade resource for process-plant feed - Positive factor: Supports positive PEA economics - Negative factor: Subset of overall resource Evidence · text > 16.10 g/t Ag Context: 79.67 Mt of combined Measured and Indicated Mineral Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-6) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:13477c90de13bc251be5 - Deposit or zone: Main Veins and La Herradura \(PEA process-plant feed\) - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 44100000 - Grade: 0.596 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.596 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Inferred resource contributes to the PEA's process plant AuEq feed, but its speculative nature introduces risk to the economic assessment. - Positive factor: Significant Inferred resource for process-plant feed - Positive factor: Supports positive PEA economics - Negative factor: Inferred category is speculative - Negative factor: PEA relies materially on Inferred resources Evidence · text > equivalent to 0.596 g/t AuEq Context: 44.10 Mt of Inferred Mineral Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-7) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:13477c90de13bc251be5 - Deposit or zone: Main Veins and La Herradura \(PEA process-plant feed\) - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 44100000 - Grade: 10.25 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Inferred resource contributes to the PEA's process plant silver feed, but its speculative nature introduces risk to the economic assessment. - Positive factor: Significant Inferred resource for process-plant feed - Positive factor: Supports positive PEA economics - Negative factor: Inferred category is speculative - Negative factor: PEA relies materially on Inferred resources Evidence · text > 10.25 g/t Ag Context: 44.10 Mt of Inferred Mineral Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-8) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:b47dce1167e7d123d6b8 - Deposit or zone: PEA uncrushed run-of-mine leach pad - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 28590000 - Grade: 0.206 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.206 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Measured and Indicated resource provides lower-grade AuEq feed for the PEA's ROM leach pad. - Positive factor: Resource for uncrushed ROM leach pad - Positive factor: Supports positive PEA economics - Negative factor: Lower grade material - Negative factor: Subset of overall resource Evidence · text > equivalent to 0.206 g/t AuEq Context: 28.59 Mt of combined Measured and Indicated Mineral Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-9) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:b47dce1167e7d123d6b8 - Deposit or zone: PEA uncrushed run-of-mine leach pad - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 28590000 - Grade: 5.98 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Measured and Indicated resource provides lower-grade silver feed for the PEA's ROM leach pad. - Positive factor: Resource for uncrushed ROM leach pad - Positive factor: Supports positive PEA economics - Negative factor: Lower grade material - Negative factor: Subset of overall resource Evidence · text > 5.98 g/t Ag Context: 28.59 Mt of combined Measured and Indicated Mineral Resources #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-10) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:71d3175d06d7ccad22c3 - Deposit or zone: PEA uncrushed run-of-mine leach pad - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18450000 - Grade: 0.22 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.22 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Inferred resource provides lower-grade AuEq feed for the PEA's ROM leach pad, but its speculative nature introduces risk. - Positive factor: Inferred resource for uncrushed ROM leach pad - Positive factor: Supports positive PEA economics - Negative factor: Lower grade material - Negative factor: Inferred category is speculative - Negative factor: PEA relies materially on Inferred resources Evidence · text > equivalent to 0.220 g/t AuEq Context: 18.45 Mt of Inferred Mineral Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-11) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:71d3175d06d7ccad22c3 - Deposit or zone: PEA uncrushed run-of-mine leach pad - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 18450000 - Grade: 6.72 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: This Inferred resource provides lower-grade silver feed for the PEA's ROM leach pad, but its speculative nature introduces risk. - Positive factor: Inferred resource for uncrushed ROM leach pad - Positive factor: Supports positive PEA economics - Negative factor: Lower grade material - Negative factor: Inferred category is speculative - Negative factor: PEA relies materially on Inferred resources Evidence · text > 6.72 g/t Ag Context: 18.45 Mt of Inferred Mineral Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-12) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:c9a1004cd22fbaf92146 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 18484000 - Grade: 0.31 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.31 Context: 18.484 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-13) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:c9a1004cd22fbaf92146 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 18484000 - Grade: 7.85 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 7.85 Context: 18.484 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-14) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:d8cab71c5c4c58f68e4a - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 15093000 - Grade: 0.3 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.30 Context: 15.093 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-15) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:d8cab71c5c4c58f68e4a - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 15093000 - Grade: 8.08 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.43 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 8.08 Context: 15.093 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-16) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:7c5675b9ada90d16581b - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 33577000 - Grade: 0.31 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.31 Context: 33.577 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-17) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:7c5675b9ada90d16581b - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 33577000 - Grade: 7.95 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.44 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 7.95 Context: 33.577 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-18) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:d31997f125afe3f25ee8 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 6975000 - Grade: 0.21 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.74 Moz Au adds significant potential but is considered speculative geologically. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 0.21 Context: 6.975 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-19) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:d31997f125afe3f25ee8 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 6975000 - Grade: 4.81 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.29 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.74 Moz Au adds significant potential but is considered speculative geologically. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 4.81 Context: 6.975 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-20) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:35305dfebe3d51ba9247 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 44748000 - Grade: 0.6 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.85 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.60 Context: 44.748 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-21) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:35305dfebe3d51ba9247 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 44748000 - Grade: 15.37 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.85 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 15.37 Context: 44.748 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-22) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:e1555638c44047431b18 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 43827000 - Grade: 0.49 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.71 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.49 Context: 43.827 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-23) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:e1555638c44047431b18 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 43827000 - Grade: 13.51 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.71 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 13.51 Context: 43.827 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-24) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:59e48faa94d8d289ab1b - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 88576000 - Grade: 0.55 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.78 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.55 Context: 88.576 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-25) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:59e48faa94d8d289ab1b - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 88576000 - Grade: 14.45 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.78 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 14.45 Context: 88.576 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-26) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:48eae214cb61a9f7f4f1 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 64052000.00000001 - Grade: 0.33 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.48 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.74 Moz Au adds significant potential but is considered speculative geologically. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 0.33 Context: 64.052 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-27) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:48eae214cb61a9f7f4f1 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 64052000.00000001 - Grade: 9.13 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.48 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.74 Moz Au adds significant potential but is considered speculative geologically. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 9.13 Context: 64.052 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-28) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:6c9dbf594b3349d821bc - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 3059000 - Grade: 0.18 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.39 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.18 Context: 3.059 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-29) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:6c9dbf594b3349d821bc - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 3059000 - Grade: 12.67 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.39 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 12.67 Context: 3.059 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-30) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:7a991de680af3546e839 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1241000 - Grade: 0.14 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.33 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.14 Context: 1.241 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-31) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:7a991de680af3546e839 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1241000 - Grade: 11.75 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.33 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 11.75 Context: 1.241 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-32) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:03a66e82ce73e563ca0d - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 4301000 - Grade: 0.17 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.37 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.17 Context: 4.301 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-33) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:03a66e82ce73e563ca0d - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 4301000 - Grade: 12.4 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.37 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 12.40 Context: 4.301 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-34) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:4631b1a967e5f8e612de - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2865000 - Grade: 0.14 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.74 Moz Au adds significant potential but is considered speculative geologically. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 0.14 Context: 2.865 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-35) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:4631b1a967e5f8e612de - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2865000 - Grade: 15.9 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.4 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The Inferred Mineral Resource of 0.74 Moz Au adds significant potential but is considered speculative geologically. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant Inferred resource - Positive factor: NI 43-101 compliant - Negative factor: Inferred category is speculative Evidence · table > 15.90 Context: 2.865 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-36) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:bc089b29073a6653fa04 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 66292000 - Grade: 0.5 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.72 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.50 Context: 66.292 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-37) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:bc089b29073a6653fa04 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 66292000 - Grade: 13.15 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.72 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 13.15 Context: 66.292 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-38) El Dorado Monserrat \(EDM\) Project · gold #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: gold - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:fe3cb32407a042d1aac9 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 60162000 - Grade: 0.44 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.64 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 0.44 Context: 60.162 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-mining-announces-positive-pea-for-edm-highlighting-146-000-oz-aueq-annu--0d4baab3-03aa-4559-81e4-8e7555b373af#fact-resource-facts-39) El Dorado Monserrat \(EDM\) Project · silver #### Identity - Project: El Dorado Monserrat \(EDM\) Project - Commodity: silver - Region: argentina - Reported Region: Santa Cruz Province, Argentina - Ticker: FRED #### Resource scope - Estimate type: resource - Effective date: 2026-08-17T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sergio Alvarado Casas, Ricardo Munoz Gonzalez, Carlos Puga Gomez - Resource group id: resource:fe3cb32407a042d1aac9 - Deposit or zone: Consolidated Project - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 60162000 - Grade: 12.11 - Grade Unit: g/t - Cutoff Grade: 0.1 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-08-17 #### Metal Equivalent - Metal Eq. Grade: 0.64 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: The updated Measured and Indicated Mineral Resource of 1.93 Moz Au represents a significant and high-confidence resource base for the project. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large Measured and Indicated resource - Positive factor: High gold grade - Positive factor: NI 43-101 compliant Evidence · table > 12.11 Context: 60.162 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.